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Compliance Consultant 4 (Wholesale Consumer Compliance)

at Wells Fargo

Posted: 6/27/2019
Job Reference #: 11322689

Job Description

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

The Wholesale Bank Regulatory Compliance (WBRC) function is a part of the Wholesale Compliance Office within Wells Fargo Compliance and is responsible for providing governance and oversight for the U.S. bank regulatory compliance programs for the Wholesale Banking Group. The WBRC function assesses the comprehensiveness of compliance processes and controls for the Wholesale Banking businesses to adhere to and comply with U.S. banking laws, regulations, and rules and in implementing Wells Fargo compliance policies, standards, and programs. Methods developed to provide for compliance with these U.S. laws, regulations and rules include the establishment and maintenance of applicable policies, standards, programs, and procedures documenting internal controls; implementation of surveillance and monitoring capabilities; provision of training and advisory support; and usage of Key Risk Indicator metrics.
Job Description:
This position will support the Consumer Compliance Program team within WBRC. This candidate will serve as a subject matter specialist for Regulation P, the Right to Financial Privacy Act ("RFPA") and will support other regulatory subjects, projects and initiatives as needed including the Flood Disaster Protection Act ("FDPA").  This position may also assist the FDPA Compliance Manager in executing an independent assessment of the FDPA compliance program for each applicable business, providing guidance to the businesses, and providing advisory support on a transactional basis, as needed.  This will include consultation with the Wells Fargo Legal Department for any regulatory interpretation.  
Specific Job Responsibilities:
This position includes the following responsibilities:

  • Providing consulting and advisory services to the Wholesale businesses on matters involving Reg. P, RFPA and other consumer banking regulations
  • Developing a line of sight into the applicable Wholesale businesses to identify, monitor and mitigate risks associated with Reg. P and RFPA
  • Evaluating the adequacy of and effectiveness of policies, procedures, processes and internal controls and providing credible challenge to the front line
  • Working with applicable Regulatory Source Owners ("RSO"), Legal partners and other interested parties to understand enterprise Reg. P and RFPA initiatives and any potential impact to Wholesale businesses which includes the management and documentation of a quarterly touch point with these individuals
  • Working with complex business units and providing in coordination with the RSO, Reg. P and RFPA compliance risk expertise, and consulting for testing programs managed by Wholesale Testing and Validation which may include the review of test scripts
  • Support of business led projects/initiatives to identify regulatory risk; will include the review of Business Requirements Documents or other project documentation as required
  • Consulting with business-aligned Compliance partners as necessary to develop corrective action plans and mitigation strategies to address identified Reg. P or RFPA process or control deficiencies
  • Reviewing and updating the Wholesale group-level Reg. P and RFPA training; providing advisory support to business level Reg. P or RFPA training
  • Supporting internal audits or regulatory examinations as needed

Maybe open to other WF HUB Locations for qualified candidates.

Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date.   If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications

  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization
  • An active Certified Regulatory Compliance Manager (CRCM) designation
  • Knowledge and understanding of operational risk management in the financial services industry
  • Experience with Wells Fargo risk systems such as Shared Risk Platform (SHRP), Risk and Control Self-Assessment (RCSA), or Control Risk Analysis System (CRAS+)
  • Knowledge and understanding of Wells Fargo s Third Party Information Management Systems (TRIMS) database
  • A BS/BA degree or higher
  • Ability to work with limited supervision
  • Ability to interact with integrity and a high level of professionalism with all levels of team members and management

Other Desired Qualifications
  • Expertise in consumer protection regulations with an emphasis/experience in lending related laws and regulations as they apply to commercial purpose lending and an ability to apply that knowledge
  • Experience in building/designing a control infrastructure through policies, procedures, guidance documents, and training development
  • Experience in Reg P, Privacy and Right to Financial Privacy Act "RFPA"

Job Expectations

  • Ability to travel up to 20% of the time


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.


Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!